Sea Limited (NYSE:SE) Shares Sold by DRW Securities LLC

DRW Securities LLC lessened its position in Sea Limited (NYSE:SE) by 13.0% in the 3rd quarter, Holdings Channel reports. The fund owned 2,552 shares of the Internet company based in Singapore’s stock after selling 381 shares during the period. DRW Securities LLC’s holdings in SEA were worth $241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its holdings in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. purchased a new stake in shares of SEA in the second quarter valued at approximately $32,000. Icon Wealth Advisors LLC purchased a new stake in shares of SEA in the third quarter valued at approximately $47,000. Hexagon Capital Partners LLC grew its holdings in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after acquiring an additional 253 shares during the period. Finally, First Horizon Advisors Inc. raised its position in SEA by 248.3% in the third quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore’s stock worth $66,000 after acquiring an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SE. Wedbush restated an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities restated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Trading Up 1.6 %

Shares of SE stock opened at $115.71 on Thursday. The company has a market capitalization of $66.23 billion, a price-to-earnings ratio of 771.40 and a beta of 1.52. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $98.75 and a 200 day moving average price of $81.90. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the firm earned ($0.26) EPS. The business’s quarterly revenue was up 30.8% on a year-over-year basis. Research analysts forecast that Sea Limited will post 0.81 earnings per share for the current fiscal year.

SEA Company Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.